Another record year for Liebherr

7 April 2020

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Liebherr Group has recorded a new record in turnover, as the figure for 2019 stood at €11.75bn. This represents an increase of €1.2bn or 11.4% compared with the previous year.

The Mobile Cranes division reported record sales of €2.54bn in 2019, marking a €297m (13.2%) rise compared to the previous year.

“Demand was particularly high for the Mobile Cranes division’s three- to five-axle classes. The market for crawler cranes remained difficult, despite improvements compared to the previous year. This was due in part to the delays in numerous wind energy projects. Furthermore, the regions that offer the most dynamic growth opportunities for crawler cranes are difficult to serve with the existing product range and pricing policies. Nevertheless, sales growth continued positively for this product category,” said Liebherr.

The division reported favourable increases in all sales regions except for Africa, Near and Middle East. Meanwhile, there were significant gains in the division’s core markets of North America and Europe. The European Union countries accounted for 45.5% of total revenue, while North America for 25.4%.

The Tower Cranes division achieved sales of €636m in 2019, representing an increase of €65m (11.4%) year-on-year.

Liebherr said: “High demand in the global construction sector had a positive effect on the Tower Cranes division last year. As a result, the division’s sales increased strongly in 2019. Germany remained the largest European Union market for the division with further increases in sales. Both in Central and South America as well as in Asia and Oceania, revenues increased significantly, spurred in particular by strong growth in Australia. At the same time, sales declined in the Africa, Near and Middle East region as well as in North America. The division’s growth is especially attributed to an increase in the sale of top-slewing cranes.”

The Maritime Cranes division achieved sales of €887m in 2019. This represents a €175m, or 24.6%, an increase of compared to 2018.

“The global market for maritime material handling equipment was unstable throughout 2019. The division’s sales in each product group were consistent with general trends within the maritime industry. Liebherr maintained its position as the global market leader in mobile harbour cranes. There were also positive developments in the reachstacker, offshore and ship crane categories. The division gained market share in the floating cranes category. The newly constructed CBG 360, which was first used onboard a ship in May 2019, was a major driver for the division’s success,” Liebherr commented.